Cincinnati Financial Corp. (CINF, Financial) filed Quarterly Report for the period ended 2012-09-30.
Cincinnati Financial Corporation has a market cap of $6.42 billion; its shares were traded at around $39.94 with a P/E ratio of 25.3 and P/S ratio of 1.7. The dividend yield of Cincinnati Financial Corporation stocks is 4.1%. Cincinnati Financial Corporation had an annual average earning growth of 4% over the past 10 years.
The board of directors is committed to rewarding shareholders directly through cash dividends and through share repurchase authorizations. Through 2011, the company had increased the indicated annual cash dividend rate for 51 consecutive years, a record we believe was matched by only nine other publicly traded companies. In August 2012, the board of directors increased the fourth quarter dividend to 40.75 cents per share, and the payment of that dividend in mid-October resulted in our 52nd consecutive year of increasing cash dividends. During the first nine months of 2012, cash dividends declared by the company increased approximately 1 percent compared with the same period of 2011. Our board regularly evaluates relevant factors in share repurchase- and dividend-related decisions. The 2012 dividend increase signaled management’s and the board’s confidence in our strong capital, liquidity and financial flexibility, as well as progress through our initiatives to improve earnings performance.
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Cincinnati Financial Corporation has a market cap of $6.42 billion; its shares were traded at around $39.94 with a P/E ratio of 25.3 and P/S ratio of 1.7. The dividend yield of Cincinnati Financial Corporation stocks is 4.1%. Cincinnati Financial Corporation had an annual average earning growth of 4% over the past 10 years.
Highlight of Business Operations:
Revenues rose for the third quarter and the first nine months of 2012 compared with the same periods of 2011, primarily due to growth in earned premiums. Premium and investment revenue trends are discussed further in the respective sections of Results of Operations, beginning on Page 29The board of directors is committed to rewarding shareholders directly through cash dividends and through share repurchase authorizations. Through 2011, the company had increased the indicated annual cash dividend rate for 51 consecutive years, a record we believe was matched by only nine other publicly traded companies. In August 2012, the board of directors increased the fourth quarter dividend to 40.75 cents per share, and the payment of that dividend in mid-October resulted in our 52nd consecutive year of increasing cash dividends. During the first nine months of 2012, cash dividends declared by the company increased approximately 1 percent compared with the same period of 2011. Our board regularly evaluates relevant factors in share repurchase- and dividend-related decisions. The 2012 dividend increase signaled management’s and the board’s confidence in our strong capital, liquidity and financial flexibility, as well as progress through our initiatives to improve earnings performance.
Read the The complete Report
